Anti-Financial Crime & Financial Crime Compliance
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AML, Asia-Pacific, Banking, Financial Crime, Regulatory

NEWS: Singapore lawmakers green light ground-breaking ‘Cosmic’ fincrime data-sharing platform between six banks, regulator

SINGAPORE’s parliament has voted in favour of the city-state’s new AML sharing database, known as ‘Cosmic.’ The centralised digital platform is set to be a game-changer for the Asian financial centre, supporters say, describing it as “ground-breaking.” The changes to the law passed on Tuesday allow banks to share information when they detect suspicious transactions…

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